National Housing Act of 1937

The National Housing Act of 1937 was a U.S. law aimed at improving housing quality and availability. It created the Federal Housing Administration (FHA), which insured loans for homebuyers and builders, making it easier to finance homes and encourage construction. The law also addressed issues like slum clearance and urban development, promoting better living conditions. Its goal was to make homeownership more accessible and promote stable communities, reducing the risk for lenders and supporting economic growth related to housing.